Morgan Stanley · NYSE:MS
Morgan Stanley — Q1 2021 Earnings Presentation
11 slides from Morgan Stanley's earnings presentation, Apr 17, 2021
Slide 1: Morgan Stanley Fixed Income Investor Presentation
Morgan Stanley Fixed Income Investor Presentation March 16, 2021
Slide 2: Notice
Notice The information provided in this presentation may include certain non-GAAP financial measures. The reconciliation of such measures to the comparable GAAP figures are included in the Company’s Annual Report on Form 10-K (‘Form 10-K’), Definitive Proxy Statement, Quarterly Reports on Form 10-Q
Slide 3: Strong Capital Position
Strong Capital Position Net Income(1) ($Bn) Common Equity ($Bn) 11.0 92.5 8.7 9.0 71.7 73.0 68.5 68.9 6.0 6.1 Common Tangible Equity Common 75.9 59.2 59.8 62.9 63.8 Equity(2) 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Fully Phased-In Common Equity Tier 1 Ratio (%)(3)(4) Fully Phased-In U.S. S
Slide 4: Strong Liquidity Position
Strong Liquidity Position Liquidity Coverage Ratio(1) (%) Average High Quality Liquid Assets(2) ($Bn) 206 195 145% 178 128% 134% 129% 159 2017 2018 2019 2020 2017 2018 2019 2020 Liquidity Resources(3) ($Bn) Liquidity Resources Composition(3) (%) As of 12/31/20 1%3% 339 15% 12% 250 202 216 186 193 $3
Slide 5: Diversified and Durable Funding Mix
Diversified and Durable Funding Mix Morgan Stanley Core Funding Core Funding Overview ($Bn) Shareholders’ Deposits Total GAAP 815 852 854 895 1,116 Equity Assets: • Primarily sourced from • Strong capital base Wealth Management • Common stock clients 311 supplemented by $9.3Bn(2) • Continue to optim
Slide 6: Unsecured Borrowings: Diversified Funding Structure
Unsecured Borrowings: Diversified Funding Structure Unsecured Debt Issuance and Maturities(1) 2016-2020 Unsecured Debt Issuance (%) ($Bn) By Currency By Tenor 56 53 2% 5% 45 42 11% <3yrs 38 38 USD 8% 27% 3-5yrs 30 31 29 EUR 29 20% 5-7yrs 14% JPY 7-10yrs GBP 13% 70% 8% 10-15yrs Other 22% >15yrs 2016
Slide 7: High Quality Lending Portfolio with Disciplined Growth
High Quality Lending Portfolio with Disciplined Growth Total Loans and Lending Commitments ($Bn) High Quality Portfolio 290 262 14 ISG 201 217 232 11 13 98 Investment Grade >90% 8 9 80 and/or Secured of ISG exposure 72 60 68 113 − COVID focus sectors <10% of ISG lending exposure 107 93 95 90 WM 43 2
Slide 8: Credit Ratings
Credit Ratings As of March 16, 2021 Moody’s S&P Fitch Morgan Stanley Outlook Stable Stable Stable Long-Term A1 BBB+ A Short-Term P-1 A-2 F1 Subordinated Debt Baa1 BBB BBB+ Preferred Stock Baa3 BB+ BBB- Morgan Stanley Bank, N.A. Outlook Stable Stable Stable Long-Term Aa3 A+ A+ Morgan Stanley Private
Slide 9: End Notes
End Notes These notes refer to the financial metrics presented on Slide 3. 1. Net Income Applicable to Morgan Stanley. 2. Tangible Common Equity (‘TCE’) equals common equity less goodwill and intangible assets net of allowable mortgage servicing rights. TCE is a non-GAAP financial measure that the F
Slide 10: Legal Disclaimer
Legal Disclaimer We have prepared this document solely for informational purposes. You should not definitively rely upon it or use it to form the definitive basis for any decision, contract, commitment or action whatsoever, with respect to any proposed transaction or otherwise. You and your director
Slide 11: Morgan Stanley Fixed Income Investor Presentation
Morgan Stanley Fixed Income Investor Presentation March 16, 2021